Investor Anxiety Over Quantum Risk Weighing on Bitcoin

The response from Bitcoin developers on the risk of quantum computing to the cryptocurrency is weighing down its price and affecting capital flow, crypto industry executives have argued.

Adam Back, a cypherpunk and the co-founder of Bitcoin infrastructure company Blockstream, argued in a series of X posts on Thursday that it is good for Bitcoin (BTC) to be “quantum ready,” but it won’t be a threat for the next few decades, as the technology is still “ridiculously early,” and has research and development issues.

He predicts there will be no…